Aug 5, 2025 · Solar power is gaining strong momentum and driving the green energy movement in Latvia. Technological advancements have made solar panels more accessible and
Jul 7, 2025 · SUNOTEC, one of Europe''s leading renewable energy development and construction companies, has acquired 100% of the share capital in SIA DSE Lazas Solar from
Nov 16, 2023 · Latvia recorded 54 MW of installed solar capacity at the end of last year, according to International Renewable Energy Agency (IRENA) statistics.
Feb 8, 2024 · ST Board Chairman Sandis Jansons said that solar power has been a notable addition to the country''s total energy portfolio in recent years – solar panels generated more
Jun 19, 2025 · Hydroelectric power is the main source of renewable electricity in Latvia, followed by solar, wind and biomass cogeneration plants. In 2024, solar power in Latvia grew over 3.1
Jul 7, 2025 · SUNOTEC acquires large-scale co-located park with 400 MWp PV solar and 600 MWh BESS storage in Latvia from Danish Sun Energy ApS [Sofia, Bulgaria, July 7, 2025] -
Jun 1, 2025 · The results show that rooftop PV systems are economically viable, with median LCOE values of 0.08 EUR/kWh for Latvia and Lithuania and 0.09 EUR/kWh for Estonia at a 6
May 1, 2013 · Solar power is the conversion of sunlight into electricity, either directly using photovoltaic (PV), or indirectly using concentrated solar power (CSP). The research has been
Dec 1, 2023 · The review comprehensively examines hybrid renewable energy systems that combine solar and wind energy technologies, focusing on their current challenges,
Mar 11, 2025 · The 3% decrease in Latvian electricity consumption is due to the installation of solar power for self-consumption by households and businesses, so the actual amount of
Mar 7, 2025 · The financing will increase the overall solar generation capacity in Latvia, which currently stands at 600 MW. Latvia''s energy system significantly relies currently still on fossil
Jun 19, 2025 · In Latvia, renewable energy sources account for a significant portion of the country''s electricity generation, with a target of 57% by 2030 [1]. Hydroelectric power is the
Nov 11, 2024 · Latvenergo AS, Latvia''s leading energy company, has acquired 100% of the capital shares in SIA DSE Aizpute Solar from Danish greenfied developer Danish Sun Energy ApS to
Aug 5, 2025 · Businesses seeking energy independence amid rising global fuel prices. With longer daylight hours in summer and improving storage systems, solar energy continues to
Sep 5, 2024 · The integration of vRES into the Latvian system allows to reduce fossil-fueled generation and import needs from neighboring countries, as shown by the results from the
Latvian Solar Boom: Ignitis Group''''s Record-Breaking Portfolio Ignitis Group, a Lithuanian utility company, is set to begin construction on a 239 MW solar portfolio in Latvia, the largest of its
Jun 9, 2024 · The REC potential to scale up RE in power generation is calculated for 76.6 GWh electricity in 2030, or 11.6% of the additional electricity from solar PV installations planned in
Nov 11, 2024 · Latvenergo AS has acquired 100% of the capital shares in DSE Aizpute Solar SIA to build a solar power plant with a total capacity of 265 MW by the end of 2025. The solar park
Apr 15, 2024 · Latvia aims to increase renewable energy sources (RES) to 50% by 2030, but lacks specific solar targets in its current National Energy and Climate Plan (NECP). While a
Feb 1, 2022 · The spatial distribution characteristics of PV power generation potential mainly showed a downward trend from northwest to southeast. Meanwhile, there were clear spatial
Jul 7, 2025 · SUNOTEC, one of Europe''s leading renewable energy development and construction companies, has acquired 100% of the share capital in SIA DSE Lazas Solar from
Latvia’s energy system is largely based on renewable resources, primarily hydropower from the Daugava River, supplemented by wind, solar, and biomass. While natural gas imports cover energy shortages, the country aims to increase wind and solar energy capacity, with significant progress already made in 2022.
The electricity grid in Latvia, however, is primarily managed by Sadales tīkls, the largest distribution system operator that serves 99% of the country’s territory. Both public and private energy companies, such as AST and Latvenergo, participate in the sector.
Share of PV systems installed capacities. In Latvia, the installed solar photovoltaic (PV) capacity in single-family homes significantly increased in 2022 and 2024. This growth was largely driven by the availability of state support programs, the introduction of a net metering system, and rising electricity prices .
Until now, Latvia has relied on electricity generated by hydroelectric power plants (HPPs), and the country’s overall policy also included the development of thermal power plants (TPPs), as natural gas was a relatively cheap resource.
Latvia is committed to increasing renewables and energy efficiency to meet EU climate goals. The National Energy and Climate Plan (NECP) outlines plans to modernize the grid, expand energy storage, and develop more wind and solar capacity to hit higher renewable energy targets by 2030. Fig.2. Smart Energy System
In the Draft Updated NECP , Lithuania has raised its 2030 solar power capacity target by 500 %, aiming for 5.1 GW. Latvia aims to increase the share of renewable energy to 50 % by 2030, but the current NECP does not include specific solar targets.
The global industrial and commercial energy storage market is experiencing explosive growth, with demand increasing by over 250% in the past two years. Containerized energy storage solutions now account for approximately 45% of all new commercial and industrial storage deployments worldwide. North America leads with 42% market share, driven by corporate sustainability initiatives and tax incentives that reduce total project costs by 18-28%. Europe follows closely with 35% market share, where standardized industrial storage designs have cut installation timelines by 65% compared to traditional built-in-place systems. Asia-Pacific represents the fastest-growing region at 50% CAGR, with manufacturing scale reducing system prices by 20% annually. Emerging markets in Africa and Latin America are adopting industrial storage solutions for peak shaving and backup power, with typical payback periods of 2-4 years. Major commercial projects now deploy clusters of 15+ systems creating storage networks with 80+MWh capacity at costs below $270/kWh for large-scale industrial applications.
Technological advancements are dramatically improving industrial energy storage performance while reducing costs. Next-generation battery management systems maintain optimal operating conditions with 45% less energy consumption, extending battery lifespan to 20+ years. Standardized plug-and-play designs have reduced installation costs from $85/kWh to $40/kWh since 2023. Smart integration features now allow multiple industrial systems to operate as coordinated energy networks, increasing cost savings by 30% through peak shaving and demand charge management. Safety innovations including multi-stage fire suppression and thermal runaway prevention systems have reduced insurance premiums by 35% for industrial storage projects. New modular designs enable capacity expansion through simple system additions at just $200/kWh for incremental capacity. These innovations have improved ROI significantly, with commercial and industrial projects typically achieving payback in 3-5 years depending on local electricity rates and incentive programs. Recent pricing trends show standard industrial systems (1-2MWh) starting at $330,000 and large-scale systems (3-6MWh) from $600,000, with volume discounts available for enterprise orders.